BlackRock TCP Capital (NASDAQ:TCPC) issued its earnings results on Thursday. The investment management company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02, MarketWatch Earnings reports. BlackRock TCP Capital had a return on equity of 11.22% and a net margin of 32.55%. The company had revenue of $49.48 million during the quarter, compared to the consensus estimate of $48.06 million.

NASDAQ:TCPC opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 6.38 and a current ratio of 6.38. BlackRock TCP Capital has a one year low of $13.71 and a one year high of $16.25. The stock has a market capitalization of $835.05 million, a P/E ratio of 7.11, a price-to-earnings-growth ratio of 1.81 and a beta of 0.70.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 10.18%. The ex-dividend date of this dividend is Friday, December 14th. BlackRock TCP Capital’s dividend payout ratio (DPR) is 72.36%.

Several brokerages have recently weighed in on TCPC. BidaskClub downgraded BlackRock TCP Capital from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. National Securities reaffirmed a “buy” rating and issued a $19.00 target price on shares of BlackRock TCP Capital in a research report on Monday, August 13th. JMP Securities decreased their target price on BlackRock TCP Capital from $17.00 to $16.50 and set a “market outperform” rating for the company in a research report on Tuesday, August 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $17.00 target price on shares of BlackRock TCP Capital in a research report on Wednesday, August 8th. Finally, Wells Fargo & Co decreased their target price on BlackRock TCP Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, October 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.92.

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BlackRock TCP Capital Company Profile

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.